Egis Secures €124M in First Sustainability-Linked Euro PP
Highlights
Egis raises €124 million with its first sustainability-linked Euro PP.
The funds will help Egis grow and cover medium-term needs.
The financing is linked to KPIs verified by ISS.
KPIs will reduce greenhouse gas emissions and support sustainable practices.
Egis, a major global player in architecture, construction engineering, consulting and mobility services, has completed its first sustainability-linked Euro PP and raised €124 million with a 6-year tenor.
This placement with top-tier investors is a vote of confidence in Egis’ credit and strategy. The funds will allow Egis to diversify its funding sources and support its growth plans. The capital will be used to cover general needs until 2028 and support M&A.
Like the Sustainability-Linked Loan with banking partners in June, this financing is linked to 3 Key Performance Indicators (KPIs) in Egis’ global sustainability framework. These KPIs, validated by ISS, are in line with Loan Market Association (LMA) principles and are key to Egis’ strategy.
The KPIs are about reducing greenhouse gas emissions, increasing the share of eco-designed projects and training employees in project eco-design. These metrics show Egis’ commitment to sustainable practices and will be used to measure the company’s progress towards a more sustainable business model.
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Source: Egis
